It’s easy for developers to talk a good game of live-work-play, of creating exciting, life-surrounding experiences to meet the exacting standards of an affluent population with abundant choices.
An activist hedge fund has purchased a 5% stake in Macerich, according to a CNBC report, sending the company’s shares up 12% and fueling talk it could push for a sale of the mall owner.
Entertainment and dining are the current bywords of brick-and-mortar retail, and one will be replacing the other in a remake of a center in Asheville, North Carolina.